Foreclosures Just Jumped 21%—What Happens Next?

Foreclosures just jumped 21% year-over-year, with over 227,000 US properties filed in the first half of 2026 — but Matt Lombardi and Steve Kaempf break down why this isn't a crash, it's a return to a more normal market. They dig into which states are getting hit hardest (Florida, South Carolina, Indiana) and where foreclosures are accelerating fastest (Idaho, Colorado, Georgia), plus what this means for investors looking to step into distressed properties the right way.The bigger story: a new provision in the 21st Century Road to Housing Act just banned institutional investors who own 350+ single-family homes from buying any more to rent out — killing the "scattered site portfolio" strategy that let Wall Street compete directly with everyday buyers. Combine that with starter homes now averaging $344,000 (up from $256,000 just six years ago) and pending home sales slumping 5.4% month-over-month, and the housing market is shifting in ways most people haven't caught onto yet.Also covered: downtown Chicago's latest office-to-apartment conversion, Chicago's Fair Renter Protection Ordinance counter-proposal, Illinois' overhaul of property tax sales, and this week's viewer mail on the aging realtor demographic.New episodes of Market Trends drop every Monday — subscribe so you don't miss the next one.#HousingMarket2026 #Foreclosures #RealEstateNews #MarketTrends #StarterHomes #RealEstateInvesting #ChicagoRealEstate #HousingLaw #InstitutionalInvestors #RealtorLife #peoplenottitles Full episodes available at www.peoplenottitles.comPeople, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenottitlesFB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv